Real Estate

Sales of existing single-family homes in California’s eased slightly in May, possibly the result of “buyer fatigue,” according to the California Association of Realtors. Overall sales were 445,600 in May, down 2.7 percent in April and up 86.7 percent year-over-year, the Los Angeles-based association reported Wednesday. At the same time, …

Progressive Real Estate has arranged the sale of a Temecula car wash. Rancho Car Wash at 27378 Jefferson Ave. sold recently for a little more than $6 million, according to a statement released today by the Rancho Cucamonga-based commercial real estate brokerage. Buyer and seller are both private investors based …

A proposed 45-day moratorium on building logistics facilities would have given the city time to review, and possibly change, its regulations in that area, but the measure was rejected by the city council. San Bernardino almost approved an ordinance that would have put in place a 45-day moratorium on building …

A self-storage company based in Ladera Ranch has purchased a facility in Riverside. SmartStop Self Storage Inc., a real estate investment trust, bought the self-storage operation at 6637 Van Buren Blvd. for an undisclosed sum, according to a statement. The property, which has been converted to a SmartStop, has 379 …

Nearly five percent of all U.S. mortgages were in some state of delinquency – 30 days or more past due – in March, a 1.3 percent increase from exactly one year earlier, according to data released today. That was the lowest number since March 2020, when the national delinquency rate …

Construction has begun on a 1.1-million-square-foot logistics building in unincorporated Riverside County. Knox Logistics VII, a warehouse distribution center, is being developed by Trammell Crow Co. and Clarion Partners LLC at I-215 freeway and the Cajalco Expressway, according to a statement released this week. “We are very excited to begin …